Unit 1: Microeconomics - Module 1 - Methodology of Economics and demand and supply analysis, Central problem of Economics, Tools of economic analysis, Theory of consumer demand, Theory of supply, Module 2 - Market structure and Market failure, Module 3 - Distribution theory and applications of recent theoretical developments. Unit 2: Macroeconomics - Module 1 - Models of the macroeconomy, The nature of macroeconomics, National income, Classical models of the macroeconomy, The consupmption function basic Kynesian models and investment, Module 2 - Macroeconomic policy analysis, Demand and supply of money, Monetary policy and fiscal policy, Public debt, Module 3 - Growth and development and international economic relations, Growth and development, International trade, Economic integration, Balance of payments, Exchange rates, International institutions, Foreign direct investment and globalisation.